AITechStartupsabout 1 hour ago
Tesla SpaceX Lose $456 Billion After Elections
3 min read
Tesla and SpaceX lost $456 billion in market value after Democrats won the 2026 U.S. midterm elections. Shares fell 11% and 9% respectively on November 5, dropping capitalization from $3.5 trillion to $3.04 trillion. Musk, who backed Republicans with $470 million, now faces potential regulatory hurdles for his AI projects and Texas data centers.
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